The Russian Auchan responded to publications about the company’s departure from the country

“Rumors have been circulating for several years about the sale of Auchan Retail Russia and the exit of our company from the Russian market, which we have repeatedly denied. On all occasions, Auchan’s response was the same: “We do not comment on rumors.” And this time, as Auchan Retail Russia continues to work in the Russian market for the benefit of the local population, new information has emerged. Our response remains the same: we do not comment on market rumors,” they told RB.RU in the company’s press service.

On October 24, two foreign publications reported that the French chain had decided to leave the Russian market. According to La Lettre, the company is in the final stages of negotiations with a local buyer, but its name has not yet been revealed. According to a Le Figaro source, the reason for Auchan’s departure from Russia was “the deterioration of business conditions in the local market.”

• In spring 2022, Auchan Retail announced the suspension of investments in the Russian division of Auchan. Two years later, Ceetrus, part of the Auchan group, completed a transaction for the sale of shopping complexes in Russia, the buyer of which was the Russian company Trade Galleries.
• Against the background of the change of founders of several organizations associated with the company, rumors arose about the cessation of the activities of the Russian Auchan. However, the company denied these reports and confirmed its plans to continue working in Russia. Auchan then recalled that since 2023, the Russian division operates autonomously from the French parent company Auchan.